https://twitter.com/Acyn/status/2003652544292356351
>>524270679Capitalism.
>>524270679This guy is gonna get roasted alive in a new york pizza and fed to niggas or some shit.
>>524270679This man is fucking retarded.
>>524270679There is no economic growth in the past 50 yearsWhen inflation is 5% a year and growth is 5% a year, its 0% growth
>TFW bossman hits you with that 4.3% raise
Why IZ we getting poorer then?
>>524270679Things can always get more Jewish
>>524271422Turns out the rate at which money is created is greater than 4.3%
>>524271171This anon is Jewish. He knows money.I believe him.
>>524270679Stop allowing Jews in your society. They make up less than 2% of the US population but more than 6% of Congress.>The U.S. economy grew at a 4.3% annual rate in the third quarter, President Donald Trump and his team wasted no time celebrating.>Well, slow down, those dour economists replied. There’s something missing in this boom: the jobs. Hiring this year, at best, has stalled, and at worst has collapsed: unemployment has climbed to 4.6%, and even Fed Chair Jerome Powell has warned recent data may be overstating job gains. >In a typical recovery, strong GDP growth shows up first in hiring, then in paychecks, and finally in consumer spending. But in this quarter, it’s reversed: spending is here without jobs. “I’ve never seen anything like it,” KPMG’s chief economist Diane Swonk told Fortune. “To have this stagflation in the inflation and unemployment rate, and to not have it in growth is highly unusual, and something’s got to give.”>Real disposable income was essentially flat in the third quarter—literally 0% growth. Americans did not gain purchasing power. Yet, they made up the difference through savings drawdowns, credit, or by absorbing costs they cannot avoid. The GDP report itself points to where that pressure is concentrated: healthcare was a leading driver.>Americans spent the most on healthcare last quarter since the Omicron wave of 2022, Swonk said. This was not a classic discretionary splurge, then. It was spending families had little ability to defer. That distinction matters, spending driven by necessity behaves differently from spending driven by rising paychecks.>The second part of the story is that the economy is splitting into a “K-shape,” and what looks like resilience at the top increasingly masks fragility underneath. “When you divorce growth from employment gains, you’ve got a problem,” Swonk said. “And this is before the real effects of AI have even set in.”
>>524271228the best is when you get that fat 25 cent raise and it puts you in the next tax bracket so you actually make less.
>>524270679this is literally how money works. read about modern money theory
>>524270679WHOA, HOWARD LUTNIK IS A JEW!!!!!!No fucking way
>>524271713That's not how tax brackets work but I can see why you only get token raises lmao
>>524271713The good news is tax brackets only tax a certain dollar threshold at a higher rate. They're still gay, confusing, and theft, however.
>>524270679What the Shekelers don't say is that they'll get the bulk of the benefits (the top 10%) and the rest of us get somewhere between 0-.25 cents more.But it all AVERAGES out to 4.3%, goy.
>>524271738>(((modern money theory)))
>>524272085agreed, but it's what our money is based on so it's important to approach it from that context
>>524270679
>>524272155>our
>>524272195>If I scream jew then it'll suddenly change!Don't scream about 2+2 if you're going to spend the day spamming (((4))) XD 4 GET IT LOL ZION JEW JEW JEW JEWRetard
>>524270679Is that real growth or just nominal increase of inflation?
>>524272348Say what, now?
>>524271713Look at this nigger who thinks that the bracket that you’re in is the percentage of what they take from your entire income. I bet you also think that when you get money back on your tax return it’s free money.
>>524271556Well you shouldn't because he doesn't know the difference between real and nominal GDP. The 4.3% figure is already adjusted for inflation.
>>524270679This guy laid off my best friend and replaced him with a jeet
>>524270679i like how trump's cabinet just tells absolutely retarded lies because they know 80% of the MIGA farm animal followers will believe it at face value, and then the 20% whose IQ is slightly higher (75-80 range) create all sorts of retarded mental gymnastics to re-spin the lie as not being a literal statement but some sort of genius allusion to a deeper and more nuanced take that also happens to be true.
Kek.
>>524273391Rare flag to add to my collection
>>524273391Except if you look by any other metric other than GDP, the lower and middle class buying power has only gone downGDP is a fucking meme
>>524270679Finally, we all know bosses only adjusts my wages based on US economic growth.
>>524270679Literally not how that works.
It's amazing how Americans are serenaded by a little sniveling bald yid.
>>524273753True but the problem with what Lutnick is saying isn't because inflation has matched/exceeded economic growth, it's because the economic growth isn't evenly distributed and inflation hits the working and middle class harder. That's (part of) why GDP growth and even per capita GDP growth are misleading/memes.
>>524270679>past performance is not indicative of future results
>>524270679I hate his face so much. Easily one of the ugliest people in administration despite some very tough competition.
>>524271155More likely that he is a liar imo.
>>524270679I get the impression Lutnick really isn't very bright.
>>524275708You just hate america because their beef is beautiful and ours is weak
>>524270679Americans deserve everything that's going to happen to them.
>>524270679>meet the new boss>same as the old boss
>>524271713Not how it works, but it still does suck when you get a big annual bonus and it all gets taxed at the top bracket so that $35k on paper turns into maybe $15k in your bank account
>>524273391They're both gay numbers that mean nothing to my life
>>524270679 The majority of economic growth was in health care premium spike. >lmao
>>524280088Is that true?
>>524281900easy to believe either way insurance in general is going insane on every front. home policies are skyrocketing or being dropped because gayi says the satellite images of your houses so some tivkytacky bullshit small business liability policies are denied or quoted at $10k/mo for $2M basic coverage with a phonebook of exceptions yet every other ad on the propaganda set during niggerball is some mulatto selling insurance
>>524270679Sadly, no, I don't think we have.
